date:Oct 10, 2012
p to $1.75 a pound last week. There's a lot of harvest pressure, Mr. Collard said. It will be producer selling that puts a lid on any price increases.
For now, though, farmers like 34-year-old Diogo Dias Teixeira de Macedo are holding their ground. We've sold about 20% of production so far, said Mr. Teixeira, who farms 220 hectares of coffee in the mountains of southeastern Brazil. At this time, we'd normally have sold 50%.
Futures have risen as much as 27% from June's two-year low of $1.4920